This worksheet introduces students to economic cycles and their four main stages: expansion, peak, contraction, and trough. It provides clear, simplified explanations of each stage and how they impact businesses, workers, and everyday life. Students will learn about key economic concepts like inflation, unemployment, and recovery through relatable examples, such as Škoda Auto's role in the Czech Republic or changes in tourism during recessions. The worksheet is divided into sections to enhance comprehension: vocabulary to familiarize students with essential terms, reading comprehension questions to deepen understanding, and multiple-choice questions to check for retention. Additionally, discussion prompts encourage critical thinking, allowing students to explore the importance of saving during expansions, how spending habits change across cycles, and how governments can support recovery. Designed for intermediate learners, this worksheet simplifies complex ideas to make them accessible while fostering meaningful discussions about the economy's impact on daily life. It is ideal for classrooms focusing on business English or general economics, particularly in contexts relevant to Czech students.

introduction-to-economic-cycles_160376.docx

Introduction to Economic Cycles

introduction-to-economic-cycles

Let's do English ESL finding specific information (scanning). This worksheet introduces students to economic cycles and their four main stages: expansion, peak,…